Ethereum: Buterin Donates $300.000 in ETH to Allow Engineers to Work Full-Time on Ethereum 2.0

Although Ethereum is not one of the best-performing cryptocurrencies this year, the project has evolved significantly. Ethereum founder Vitalik Buterin has donated ETH to selected engineers to enable them to focus full-time on exploring scaling solutions for the network.

Ethereum founder and signage Vitalik Buterin has donated more than 3,000 ETH worth of more than $300,000 to three projects to fully engage with the evolution of Ethereum 2.0. Projects include Prysmatic Labs, ChainSafe Systems and Sigma Prime.

Prysmatic Labs is working hard to develop the Shearing Client for Ethereum 2.0, while Sigma Prime is working on an Ethereum 2.0 client called Lighthouse. ChainSafe focuses on the holistic research and development of the project 2.0. The debate sparked a heated debate between Ryan Sean Adams, who criticized the lack of leadership and non-progress in scaling on Twitter through a statement by Fred Wilson, a co-founder of Union Square Ventures. Preston Van Loon of Prysmatic Labs, who continues to work full-time on Google, complained that due to a lack of funding, his team was not solely researching Ethereum. Buterin quickly spoke up and donated 1,000 ETH in the same breath:

Paul Hauer, a co-founder of Sigma Prime, was next who received an ETH donation from Buterin. Hauner assured that his developers could make a lot of progress with very little resources. Developers could be hived off from the university to work full-time at Ethereum. The third donation went to ChainSafe, whose project leader Mikerah tweeted :

I’ll literally get off if we get $100,000 in ETH.

Following the donation from Vitalik, Mikeraah Quintyne Collins, head of the ChainSafe project, plans to leave the University of Toronto and concentrate fully on the development of Ethereum 2.0. He also received 1,000 ETH:

The falling prices on many projects, such as Consensys or Spankchain, led to jobs being cut in succession. Despite the price slide, interest in the further development of Blockchain steadily increased.

Author: Marko Vidrih @cryptomarks

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Marko Vidrih

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